$SUNCON / 5263 (SUNWAY CONSTRUCTION GROUP BERHAD)
Research by RHB
BUY – TP RM6.29

" Still Walking On Sunshine; BUY"

We remain upbeat on Sunway Construction’s growth prospects, which are backed by data centre (DC) works contracts as well as other industrial jobs such as warehouses and semiconductor manufacturing facilities. Our estimated job wins of at least MYR4bn pa backs our 3-year earnings CAGR (2023-2026) of 24%

Analyst:
Adam Bin Mohamed Rahim
adam.mohamed.rahim@rhbgroup.com